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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.80 0.70 0.61
Value Traded (JD) 185,836 126,352 415,802
No. of Shares Traded 227,050 196,585 743,064
No. of Transactions 253 228 485
No. of Subscribed Shares 20,000,000 20,000,000 9,000,000
Market Capitalization (JD) 16,000,000 14,000,000 5,490,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 3,800,771 1,963,321 55,251
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 973,111 1,047,165 637,677
Spare Parts 1,672,836 1,549,514 1,583,030
Total Current Assets 8,586,287 6,249,012 4,509,284
Long Term Investments 0 0 0
Fixed Assets, Net 13,295,221 14,214,228 15,244,624
Lands 81,473 81,473 81,473
Projects in Progress 474,792 8,750 0
Total Fixed Assets 13,851,486 14,304,451 15,326,097
Other Assets 0 0 0
Total Assets 22,437,773 20,553,463 19,835,381

Liabilities (JD)

2019 2018 2017
Credit Banks 0 0 0
Short Term Loans 0 0 6,882,195
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 1,247,144 1,301,027 8,304,759
Long Term Loans & Notes Payable 0 0 3,185,112
Corporate Bonds 0 0 0
Other Liabilities 0 280 706,930
Total Liabilities 1,247,144 1,301,307 12,196,801

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 20,000,000 20,000,000 9,000,000
Subscribed Capital 20,000,000 20,000,000 9,000,000
Paid in Capital 20,000,000 20,000,000 9,000,000
Compulsory Reserves 1,458,894 1,264,287 1,202,929
Voluntary Reserve 4,334 4,334 4,334
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings -272,599 -2,016,465 -2,568,683
Total Shareholders Equity 21,190,629 19,252,156 7,638,580
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 22,437,773 20,553,463 19,835,381

Income Statement (JD)

2019 2018 2017
Operating Revenues 11,996,365 9,608,321 6,435,588
Operating Expenses 9,050,515 7,616,225 6,217,041
Gross Profit 2,945,850 1,992,096 218,547
General and Administrative Expenses 558,300 673,478 703,958
Selling and Distribution Expenses 572,257 626,548 431,397
Depreciation (Period) 1,446,136 1,423,787 1,452,869
Other Operating Expenses 0 0 0
Net Operating Income 1,815,293 692,070 -916,808
Other Revenues 211,940 68,455 48,447
Other Expenses 0 0 0
Income Before Interest & Tax 2,027,233 760,525 -868,361
Interest Expenses 0 106,949 571,647
Net Income Before Tax 2,027,233 653,576 -1,440,008
Income Tax (Period) 43,760 0 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 45,000 40,000 0
Net Income 1,938,473 613,576 -1,440,008
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 1,938,473 613,576 -1,440,008

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 1,963,321 55,251 194,990
Net Cash Flow from (Used in) Operating Activities 2,830,901 2,191,117 199,675
Net Cash Flow from (Used in) Investing Activities -993,171 -402,141 -658,132
Net Cash Flow from (Used in) Financing Activities -280 119,094 318,718
Cash Balance (Ending) 3,800,771 1,963,321 55,251

Financial Ratios

2019 2018 2017
Turnover Ratio % 1.135 0.983 8.256
Earning Per Share (JD) 0.097 0.031 -0.160
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.060 0.963 0.849
Price Earnings Ratio (Times) 8.254 22.817 -3.813
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.755 0.727 0.719
Gross Margin % 24.556 20.733 3.396
Margin Before Interest and Tax % 16.899 7.915 -13.493
Profit Margin % 16.159 6.386 -22.376
Return On Assets % 8.639 2.985 -7.260
Return On Equity % 9.148 3.187 -18.852
Debt Ratio % 5.558 6.331 61.490
Equity Ratio % 94.442 93.669 38.510
Interest Coverage Ratio (Times) 0.000 7.111 -1.519
Total Assets Turnover (Times) 0.535 0.468 0.324
Fixed Assets Turnover (Times) 0.866 0.672 0.420
Working Capital Turnover (Times) 1.635 1.942 -1.696
Current Ratio (Times) 6.885 4.803 0.543
Working Capital (JD) 7,339,143.000 4,947,985.000 -3,795,475.000